Private Markets

CF0005, LLC dba Mesa-Marshall #1-2

Overview

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development of oil & gas resources in central Texas, specifically McCulloch County. MESA has acquired leases in and around Lohn, Texas. The prospect acreage for Mesa-Marshall #1-2 is located on the Western Flank of the EXOC field (Appleton Field).

MESA is offering investors what is known in the industry as a "free look down the hole", meaning, investor monies will remain in escrow and only be released to complete the Mesa-Marshall #1-2 wells if it is determined by the operator that commercially viable quantities of oil exist to justify completion. The opportunity to have a free look down the hole can signficantly minimize "dry hole" risk for investors.

Mesa Operating LLC, will begin the completion of the Mesa-Marshall #1-2 wells only after Phase 1: drilling and testing has occured and per the terms of the Company's offering agreement.

  • Company: CF0005, LLC d/b/a Mesa-Marshall #1-2, a Texas limited liability company formed December 21, 2016.
  • Ownership: Upon completion of the wells, Phase 1 and Phase 2 investors, combined, will own 92% of Working Interest, Before Payout (BPO) and 80.5% Working Interest, After Payout (APO).
  • Project Sponsor: MESA Resources, Inc., a Nevada corporation formed in 1992.
  • Project Location: Appleton Field, Marshall Lease, McCulloch County, Texas. 31º 19' 11.02'' N - 99º 24' 39.49" W. Elevation 1574 ft.
  • Payout Model: Reg CF Phase 2 investors receive 29.44% of working interest before payout (BPO) and 25.75% of working interest after payout (APO)
  • Well Description: Two shallow, vertical wells targeted to 1,700 feet.
  • Formation Objectives: Strawn Sands and Lime, Caddo Lime,Marble Falls, Ellenburger
  • Project Completion: Single zone completion with option to complete to another zone
  • Economic Viability: According to the Project Sponsor economic analysis, an estimated net recovery of 42,664 boe should provide $1,621,145 net revenue to Company, of which Phase 2 investors could receive $518,766 over the lifespan of the offering.
  • Estimated Payback: 41 months from completion.
  • Estimate Project Lifespan: 20 years

NOTE: THE ABOVE PROJECTIONS INCLUDE AMORTIZATION OF INITIAL INVESTMENT. NO GUARANTEE OF SUCCESS. PRODUCTIVE LIFE OF WELL IS UNCERTAIN. OIL WELLS ARE INHERENTLY RISKY BY NATURE.

* For a definition of above terms, see Crudefunders OIL GLOSSARY

** There are many risks associated with drilling, testing, and competing an oil well, such as: operational risks, access to pipeline infrastructure and marketability of oil and gas. For a more complete list of risks, review the OFFERING CIRCULAR

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